Monthly Archives: <span>May 2008</span>

Florida Regulator Lifts Allstate Suspension; Continuing Compliance Required

Florida Insurance Commissioner Kevin McCarty ordered a stay of the suspension of the Allstate Companies’ licenses to sell new business in the state. McCarty’s decision comes as the result of Allstate’s submission of an affidavit certifying that it has complied …

House Panel Hits Defense Department, Insurers Over War Zone Insurance Costs

A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees in Iraq and Afghanistan may have collected $585 million …

PIA Promotes Besesparis to SVP, Communications

The National Association of Professional Insurance Agents promoted Ted Besesparis to senior vice president of communications. Besesparis joined PIA in May 1995 after a career as a print and broadcast journalist at the local and national level. He was national …

Weather Service Confirmed 15 Tornadoes Hit Georgia on Mother’s Day

The National Weather Service says that severe weather on May 11 spawned 15 tornadoes in central Georgia. The strongest of the so-called “Mother’s Day tornadoes” occurred in Treutlen County and was an EF3. Most of the twisters were rated as …

Firefighters Get Upper Hand on Florida Wildfire, Schools Open

Firefighters hoped to make further major gains against a wildfire that has charred thousands of acres along Florida’s Atlantic coast, as police questioned a man seen tossing a Molotov cocktail into nearby woods. Schools that had been closed for two …

Pinnacle Settles with 2 Insurers over Katrina Damage in Mississippi

Casino owner Pinnacle Entertainment Inc. settled a lawsuit with two insurance companies over Hurricane Katrina damage to the company’s property in Mississippi. Allianz Global Risks U.S. Insurance Co. agreed to pay $48 million on top of $5 million it already …

Louisiana Legislature Doing Homework on Insurance, Lobbyist Says

About 55 percent of the lawmakers in the 2008 Louisiana Legislature are new to the job but they are doing their homework on insurance issues, one surplus lines insurance industry representative says. David Tatman of Baton Rouge-based The Tatman Group …

Charleston Report: South Carolina Fire Department Lacked Tactics, Training

A new analysis of the South Carolina furniture store fire that killed nine Charleston firefighters last year says the department inadequately trained and supervised its personnel and exposed the men to excessive risks the night they fought the fire. The …

Oklahoma AG Warns of Fraud in Storm-Damaged Areas

Oklahoma Attorney General Drew Edmondson’s office is warning consumers in areas battered by recent storms to beware of fraudsters seeking to take advantage of storm weary property owners. Investigators in the AG’s Consumer Protection Unit are in northeastern Oklahoma offering …

Claims Pile up from Texas Storms

Back-to-back storm systems surprised Central Texas overnight on May 14-15 with intense winds and heavy hail damage in localized areas that has insurance agents and companies responding to thousand of property damage claims. The storms originated in the hill country …